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The chairman of Russia’s State Duma Committee on Financial Markets is considering the launch of a state-backed stablecoin pegged to the ruble.

Lionel Gikonyo's insight:

"The chairman of Russia’s State Duma Committee on Financial Markets has claimed that the entity is considering the launch of state-backed cryptocurrency pegged to the Russian ruble, Russian radio news station Govorit Moskva reported Friday, Nov. 2."

Even though the vast majority of cryptocurrency markets have not noted any major gains, Basic Attention Token is getting a lot of attention. The token is now officially ‘live” on Coinbase Pro, and a listing on Coinbase seems imminent. Even so, not everyone sees merit in this token or its listing, which is only to …

A Japanese business will begin paying its workers partially in bitcoin, in a bid to gain a better understanding of how the digital currency works, Agence France-Presse reports. Tech firm GMO Internet said it will pay up to 100,000 yen (£660) a month to approximately 4,000 employees via bitcoin from February next year, according to the agency. Company spokeswoman Harum Ishii told AFP that employees are free to choose whether or not they want a part of their salary to be paid in bitcoin.

Lionel Gikonyo's insight:

"A Japanese business will begin paying its workers partially in bitcoin, in a bid to gain a better understanding of how the digital currency works, Agence France-Presse reports."

A Taiwanese startup led by a former Google employee intends to employ the same technology that underpins bitcoin and ethereum to shake up animal husbandry and travel. Darren Wang’s OwlTing has rolled out a system to establish the provenance of stuff: hotel bookings, or pigs from birth to market. The seven-year-old startup says its amassed hundreds of clients across Taiwan and its model enhances not just food safety but also verifies commercial transactions.